Bank of New York Mellon Corp Buys 51,657 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Bank of New York Mellon Corp lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 706,161 shares of the apparel retailer's stock after purchasing an additional 51,657 shares during the quarter. Bank of New York Mellon Corp owned about 0.77% of Urban Outfitters worth $38,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in URBN. Geode Capital Management LLC grew its holdings in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock worth $56,765,000 after purchasing an additional 18,249 shares in the last quarter. Algert Global LLC lifted its stake in Urban Outfitters by 36.0% during the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer's stock worth $2,058,000 after purchasing an additional 14,220 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Urban Outfitters in the 4th quarter worth about $765,000. Petrus Trust Company LTA bought a new position in shares of Urban Outfitters during the 3rd quarter valued at about $642,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Urban Outfitters by 3.1% during the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock valued at $79,433,000 after buying an additional 62,019 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Activity

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,300 shares of company stock worth $4,394,602. Insiders own 31.80% of the company's stock.

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Wall Street Analyst Weigh In

URBN has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and increased their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Finally, UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $56.00.

Urban Outfitters Price Performance

URBN traded up $1.09 on Monday, hitting $54.65. The company had a trading volume of 2,539,133 shares, compared to its average volume of 1,725,193. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The stock has a fifty day simple moving average of $56.02 and a 200-day simple moving average of $46.16. The firm has a market capitalization of $5.04 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.